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Showing 141 - 150 of 393 results for "Personal advice"

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... Last Resort. The scheme facilitates the reimbursement of up to $150,000 to compensate consumers affected by bad personal advice, credit intermediation, securities dealing, and credit provision should their case fail with the Australian Financial Complaints ...

Pinnacle backs investment platform

ELIZABETH MCARTHUR  |  FRIDAY, 22 OCT 2021
... platform. OpenInvest connects unadvised investors with investment products traditionally only available through personal advice. Its white label partners already include wealth management firms, Hamilton Wealth Partners, Wentworth Securities and Collins ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
... superannuation fund. Bhandari was permanently banned by ASIC in March 2021 after an investigation found he was giving personal advice while only authorised to give general advice and was prioritising his own interests over the interests of clients, charging ...

ASIC clarifies adviser exam obligations

KARREN VERGARA  |  THURSDAY, 23 SEP 2021
... clarifies the definition of an existing and a relevant provider. An existing provider is authorised to provide personal advice to retail clients on relevant financial products at any time between 1 January 2016 and 1 January 2019, and has not been banned ...

ASIC prepares advisers for DDO

KARREN VERGARA  |  FRIDAY, 17 SEP 2021
... advice licensees and financial advisers are exempt from meeting the reasonable steps obligation when providing personal advice, they still have obligations relating to reporting and record keeping," the document reads. INFO 264 also highlights instances ...

DDO nil-reporting rule scrapped

KARREN VERGARA  |  THURSDAY, 16 SEP 2021
... implement. Another proposal is it seeks to clarify that when a Product Disclosure Statement is given while providing personal advice as required by law, that "this conduct is within the scope of excluded conduct, consistent with the original intention ...

ASIC red tape unit welcomed

ANNABELLE DICKSON  |  WEDNESDAY, 1 SEP 2021
... advice needs, ASIC will continue to engage with industry on the barriers to providing good quality and affordable personal advice and establish the Financial Services and Credit Panel as the single disciplinary body for financial advisers. ASIC also ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... failures. The court found NAB breached the law on several occasions between 2013 and 2019 when it charged fees for personal advice without giving clients compliant fee disclosure statements; failed to provide the statements within the required time ...

ASIC outlines corporate plan

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... advice needs, ASIC will continue to engage with industry on the barriers to providing good quality and affordable personal advice and establish the Financial Services and Credit Panel as the single disciplinary body for financial advisers. For the superannuation ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... the Federal Court in 2019 and won. The court determined that when Westpac attempted to move funds to BT it gave personal advice because, when considered as a whole and in context, there was an implied recommendation in each call and the intention was ...